1、 Price trend

According to the Commodity Market Analysis System of the Business Society, as of July 21, the average price of refrigerant R22 was 21266.67 yuan/ton, an increase of 4.08% compared to the beginning of the month price of 20433.33 yuan/ton, and an increase of 26.34% compared to the same period last year.

According to the Commodity Market Analysis System of Business Society, as of July 21, the average price of refrigerant R134a was 24600.00 yuan/ton, a slight decrease of 1.34% compared to the beginning of the month price of 24933.33 yuan/ton, and an increase of 12.67% compared to the same period last year.

2、 Market analysis

As of July 21, the price of chloroform had bottomed out and recovered, rising by 1.23% in the month. The price of hydrofluoric acid continued to run weakly, falling by 0.74% in the month. The cost of raw materials rose slightly. In addition, the manufacturer’s shutdown for maintenance led to the overall low inventory of R22 in China. Supported by factors such as the unabated demand of R22 downstream in summer, and the still unfunded allocation, some R22 enterprises raised the ex factory price this week, driving the domestic R22 market price to rise slightly.

As of July 21, the price of Trichloroethylene continued to operate, the price of hydrofluoric acid continued to be weak, and the cost of raw materials continued to be low. In addition, the overall demand for R134a after the summer was less than expected, and the overall pressure on the price of domestic refrigerant R134a was slightly adjusted.

In terms of raw materials, overall, recent domestic hydrofluoric acid prices have remained low and weak, and the continued weakness of raw material prices will have a certain impact on the domestic refrigerant market prices in the future.

3、 Future Market Forecast

According to refrigerant analysts from Business Society, supported by factors such as cost recovery, unchanged demand, and low inventory, it is expected that the domestic R22 market price will remain stable and strong in the short term. Raw material costs will continue to be weak, and downstream demand will be less than expected. In the short term, the overall upward momentum of R134a market price last week was insufficient.